Report Description

Middle East and Africa Electric three-wheeler market stood at USD15,748.91 thousand in 2021 and is forecast to grow at a CAGR of 14.38% to reach USD50,808.07 thousand by 2030. The growing adoption of emission-free public transportation systems in many countries in the Middle East and African region by the government for promoting vehicles that give out fewer emissions. An electric three-wheeler emits fewer emissions as compared to any fuel-based vehicle due to which there is a growing demand for electric three-wheelers in the Middle East and in African countries, which leads to an increase in sales of the electric three-wheelers, thereby positively impacting the Middle East and Africa Electric three-wheeler market.    

Increase in Use of Electric Three-wheelers as an Eco-friendly & Efficient Solution 

Over the past few years, the rising global carbon emissions from the fuel-based internal combustion engine vehicle have been one of the primary worries for the governments and environmentalists in the Middle East and African countries. The electric three-wheelers come as an alternative solution for the ICE vehicles, as the emission rate in electric three-wheeler is almost zero. The governments of many countries have started to replace fuel-based emission vehicles with electric three-wheelers in the public transportation system as they are more eco-friendly and have lesser operational costs in the long run. In addition, the rising price of petrol/CNG & diesel has pushed three-wheeler owners to shift their preference to electric three-wheelers for shorter transits, which, in turn, will drive the market growth. 

Use of Electric Three-Wheelers for Online Groceries & Food Deliveries

Many e-commerce companies have started their operations in the past few years in countries of the Middle East and African region, as the internet using population has witnessed growth over the past few years. The e-commerce market is growing rapidly in many countries in the Middle East and African region due to the increasing e-commerce activities, such as online food and grocery sales in countries like Nigeria, Israel, South Africa, etc., which have increased the demand for electric three-wheelers for delivery purpose. The trends for these three-wheelers are uplifting imports and the sales of the electric three-wheelers in the Middle East and African region as many different electric three-wheeler brands are Jiangsu Jinpeng Group Co., Ltd., Xianghe Qiangsheng Electric Tricycle Factory, Saera Electric Auto Pvt. Ltd. (Mayuri), etc., are launching their models in this segment, and hence this is expected to expand the electric three-wheelers market.      

Increase in Demand for Cost-Effective Commercial Vehicles

The increase in the use of commercial vehicles and the rising price of fuel in the Middle East and African countries are creating the need for more cost-effective commercial vehicles. The electric three-wheeler comes up as an alternate option in the use of the transportation system as these run through electricity. Furthermore, electric three-wheeler mobility depends on flexibility, requires less maintenance, and is preferred by many small and medium-sized logistics companies. Such factors are expected to expand the electric three-wheelers market in the Middle East and Africa region. 

Post Lockdown Effect & Shift to Electric Three-Wheeler

When the lockdown was imposed due to the COVID-19 pandemic, most of the automotive sales and imports were partially stopped for a certain period of time, which resulted in a halt in the sales of electric three-wheelers in the Middle East and African countries.

The COVID-19 pandemic has negatively impacted the automotive sector because the lockdown was imposed in every country, due to which most of the production plants of automotive companies that manufacture electric three-wheeler was closed. After the negative impact of COVID-19, most of the automotive companies that manufacture the electric three-wheeler have reopened their production plants, which will help fulfill the demand for sales that is growing very rapidly in the Middle East and African region countries. Many automotive manufacturers have decided to add new models for the electric three-wheeler in the year 2022, which is going to boost the sales of the electric three-wheelers in the middle east and African region market. Some prominent players in the electric three-wheeler market such as Kinetic Green Energy & Power Solutions Ltd., Chongqing Zongshen Vehicle Co., Ltd (Zongshen Industrial Group Co. Ltd.), Ningbo Dowedo International Trade Co., Ltd., Xianghe Qiangsheng Electric Tricycle Factory, etc. have decided to add new models.   


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Market Segmentation

Middle East and Africa three-wheeler market is segmented based on vehicle type, battery capacity, battery type, and country type. Based on vehicle type, the market is further fragmented into the passenger carrier and load carrier, based on battery capacity market is bifurcated into the <101Ah and >101Ah. In the vehicle type, the load carrier has accounted for dominant the market with a total share of 85.79% in the year 2021 among passenger carriers. In many countries of the Middle East and Africa region, people are getting the option of an electric three-wheeler as a mode of public transport with a low price as compared to other means of transport. The increase in public preference for the electric three-wheeler is raising the sales of electric three-wheeler in many countries, positively impacting the growth of electric three wheelers in the Middle East and Africa three-wheeler market.

Company Profiles

Chongqing Zongshen Vehicle Co., Ltd (Zongshen Industrial Group Co. Ltd), Saera Electric Auto Pvt. Ltd. (Mayuri), Kinetic Green Energy & Power Solutions Ltd., Jiangsu Jinpeng Group Co., Ltd., Jiangsu Yufeng Vehicle Industry Co., Ltd., Ningbo Dowedo International Trade Co., Ltd, Xianghe Qiangsheng Electric Tricycle Factory, Terra Motors Corporation, Piaggio Commercial SA (PTY) Ltd, Jiangsu East Yonsland Vehicle Manufacturing Co., Ltd Company are among the major market players in the Middle East and African countries that lead the market growth of the Middle East and Africa electric three-wheeler market.

Attribute

Details

Market size value in 2021

USD15,749 Thousand

Revenue Forecast in 2027

USD50,808 Thousand

Growth Rate

14.38%

Base Year

2021

Historical Years

2017 – 2021

Estimated Year

2022

Forecast Period

2022 – 2030

Quantitative Units

Revenue in USD Thousand, Volume in Units, and CAGR for 2017-2021 and 2022-2030

Report Coverage

Revenue forecast, volume forecast, company share, competitive landscape, growth factors, and trends

Segments Covered

·         By Vehicle Type

·         By Battery Capacity

·         By Battery Type

·         By Country

·         By Company

Countries Scope

Egypt, Turkey, Iran, South Africa, Israel, Nigeria, Saudi Arabia, Algeria, UAE, Oman, Iraq

Key Companies Profiled

Chongqing Zongshen Vehicle Co., Ltd (Zongshen Industrial Group Co. Ltd), Saera Electric Auto Pvt. Ltd. (Mayuri), Kinetic Green Energy & Power Solutions Ltd., Jiangsu Jinpeng Group Co., Ltd., Jiangsu Yufeng Vehicle Industry Co., Ltd., Ningbo Dowedo International Trade Co., Ltd, Xianghe Qiangsheng Electric Tricycle Factory, Terra Motors Corporation, Piaggio Commercial SA (PTY) Ltd, Jiangsu East Yonsland Vehicle Manufacturing Co., Ltd.

Customization Scope

10% free report customization with purchase. Addition or alteration to country, regional & segment scope.

Pricing and Purchase Options

Avail customized purchase options to meet your exact research needs. Explore purchase options

Delivery Format

PDF and Excel through Email (We can also provide the editable version of the report in PPT/pdf format on special request)

 

Report Scope:

In this report, Middle East and Africa electric three-wheeler market have been segmented into the following categories, in addition to the industry trends which have also been detailed below:

  • Middle East and Africa Electric Three-Wheeler Market, By Vehicle Type:
    • Load Carrier
    • Passenger Carrier
  • Middle East and Africa Electric Three-Wheeler Market, By Battery Capacity:
    • <101Ah
    • >101Ah
  • Middle East and Africa Electric Three-Wheeler Market, By Battery Type:  
    • Lead Acid
    • Lithium Ion  

·         Middle East and Africa Electric Three-Wheeler Market, By Country:

o   Egypt

o   Turkey

o   Iran

o   South Africa

o   Israel

o   Nigeria

o   Saudi Arabia

o   Algeria

o   UAE

o   Oman

o   Iraq

o   Rest of Middle East and Africa

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in Middle East and Africa electric three-wheeler market.

Available Customizations:

With the given market data, TechSci Research offers customizations according to a company’s specific needs. The following customization options are available for the report:

Company Information

  • Detailed analysis and profiling of additional market players (up to five).

Table of content

1.    Product Overview 

2.    Research Methodology 

3.    Executive Summary

4.    Impact of COVID-19 on Middle East and Africa Electric Three-Wheeler Market

5.    Voice of Customer

5.1.  Factors Influencing Purchase Decision

5.2.  Aided and Unaided Brand Recall

5.3.  Brand Satisfaction Level

6.    Middle East and Africa Electric Three-Wheeler Market Outlook

6.1.  Market Size & Forecast

6.1.1.     By Volume

6.1.2.     By Value

6.2.  Market Share & Forecast

6.2.1.     By Vehicle Type (Passenger Carrier and Load Carrier)

6.2.2.     By Battery Capacity (<101Ah and >101Ah)

6.2.3.     By Battery Type (Lead Acid and Lithium Ion)

6.2.4.     By Country

6.2.5.     By Company (2021)

6.3.  Market Map (By Vehicle Type, By Battery Capacity, By Battery Type, and By Country)

7.    Egypt Electric Three-Wheeler Market Outlook

7.1.  Market Size & Forecast

7.1.1.     By Volume

7.1.2.     BY Value

7.2.  Market Share & Forecast

7.2.1.     By Vehicle Type

7.2.2.     By Battery Capacity

7.2.3.     By Battery Type

8.    Turkey Electric Three-Wheeler Market Outlook

8.1.  Market Size and Forecast

8.1.1.     By Volume